Sutlej Textiles and Industries has informed the exchanges after market hours that CARE has upgraded its long/short-term (term loan and bank facilities) rating to CARE AA-. The rating signifies high degree of safety in respect of timely servicing of financial obligations. The rating is reflective of the company’s leading position in the niche value-added dyed yarn segment and strong operational and financial performance. Traders will keep a close tab on the stock.

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